Sarah Townsend
A £100m fund managed by property investor JR Capital and industrial asset manager Chancerygate has acquired the 40,000 sq ft Commerce Trade Park for £3.45m.
The purchase was made from investment and property management company London & Cambridge Properties.
The business park is on New Chester Road, around one mile south of Birkenhead town centre in the Wirral. It comprises four road-facing trade counter units, eight industrial and two office units ranging from 606 sq ft to 7,747 sq ft.
Anchor tenants include construction materials supplier Saint Gobain Building Distribution, building supplies specialist Toolstation, and kitchens and joinery firm Benchmarx.
The deal brings total investments made by the JR Capital-Chancerygate fund to £32m. It has an industrial portfolio totalling 400,000 sq ft, following its most recent purchase before this of a nine-unit portfolio at Cardiff’s West Point Industrial Estate.